The company said the decision was taken due to the current market conditions and physical silver shortages in the domestic market.
UTI Asset Management Company (UTI AMC) announced on Saturday that it temporarily postponed lumps and switch-in investments in the UTI Silver ETF Fund of Fund, which will be implemented from October 13, 2025.
Currently, silver is trading at a premium compared to international prices in the domestic market, which affects the valuation of the fund. UTI has become the second fund management company to impose such a ban this week.
Earlier, Kotak Mahindra Asset Management Company also announced a temporary ban on new investments in its Silver ETF Fund of Fund.
Kotak has said that it will lift the ban in the next few weeks after the supply of supply after Diwali. On Thursday, spot silver prices arrived at an all -time high level of $ 51.22 per ounce, surpassing $ 51 per ounce for the first time.
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